Searching for apartments for sale in Taksim Square, Istanbul, is an exceptional investment option. This area is one of the most prominent investment regions in Turkey, housing major governmental projects.

In Taksim Square, you'll find some of the best apartments and residential complexes. At Skyline Real Estate, we provide the best options and essential information you need to have a successful apartment ownership experience. We'll also provide detailed insights into the significance and vibrancy of this area.

Overview of Apartments for Sale in Taksim Square, Istanbul

Taksim Square is famous for its large and well-known square, recognized not just in Turkey but across Europe and the world. It is also home to Istiklal Street, one of the most important and bustling tourist streets in the city. Taksim apartments are notably expensive and generally attract wealthy individuals or tourists. Hence, apartments in Taksim are an excellent tourist choice, featuring luxurious hotels and numerous restaurants. Overall, Taksim Square is one of the liveliest and most active districts on the European side of Istanbul.

Searching for Apartments in Taksim Square, Istanbul

When looking to buy an apartment in Taksim Square for residence or investment, it's crucial to set your budget without relying on housing loans with interest. Self-financed purchases can be challenging to execute. Taksim Square is among the most famous areas and is the center of the European side of Istanbul.

Features of Properties in Taksim Square, Istanbul

Several features make Taksim Square in Istanbul stand out from other areas, attracting those who wish to live there:

• Expansive Area: Taksim Square is a broad area where you can find suitable properties for both residential and commercial purposes, with a bustling and active environment.
• Strong Infrastructure: The real estate infrastructure in Taksim is very robust, ranking among the strongest globally. Construction companies in Taksim are some of the most advanced in the world.
• Excellent Transportation: Taksim Square boasts one of the best transportation networks worldwide.
• Investment Benefits: Taksim has many investment advantages that attract businessmen and foreign investors from around the world to invest in real estate for sale in Istanbul.

Factors Affecting Property Prices in Taksim Square, Istanbul

Property prices vary significantly based on certain factors, explaining the substantial differences in property prices across Istanbul. These factors include:

• Type of Property: The type of property for sale significantly impacts its price. For instance, a 100-square-meter residential property might be cheaper than a 40-square-meter commercial property. Key points to note are:
  • Commercial properties are generally more expensive than residential properties.
  • Land is the cheapest type of property, while hotels are the most expensive.
  • Hotel buildings are pricier than regular buildings.
  • Residential buildings are much cheaper than buildings designated for investment or commercial offices.
• Location of Property: The importance of real estate in Istanbul stems from the significance of the location and neighborhood.
• Property Size: The size of the property also plays a crucial role in determining whether its price is high or not.
• Services Accompanying the Property: The quality and price of properties for sale are influenced by the services offered. In Istanbul, properties can be categorized into those within residential complexes and those outside residential complexes.

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Apartment Prices in Taksim Square, Istanbul

Apartment prices in Taksim Square, Istanbul, are high due to the luxurious services provided. These prices are not fixed but continue to rise, driven by significant projects like infrastructure developments that have greatly increased the real estate and investment value in the area. Notably, apartment prices in Taksim Square are relatively lower compared to similar properties in Europe.

Obtaining Turkish Residency Through Apartment Ownership in Taksim Square

Foreigners who own any type of property in Turkey can obtain a short-term and renewable residence permit. This permit is granted for a minimum of one year, and the spouse and children under 18 can also obtain residency based on the property owner's status.

Required Documents for Residency:

• Title deed (Tapu) document, proving property ownership in Turkey.
• Certified copy of a passport valid for at least six months.
• Health insurance for each family member of the property owner.
• Earthquake insurance for the property in Turkey.
• Family statement for children, translated into Turkish and certified by the Turkish embassy in the property owner's home country.

Tips for Prospective Real Estate Investors in Turkey

Investors should consider several important points to ensure a safer investment process in Turkey:

• Verify the eligibility of the person selling the desired property and their ownership rights, especially during the sale process.
• Ensure there are no other buyers or owners for the property.
• Check that there are no existing mortgages or other rights such as leases on the property.
• Visit the property in person to confirm its suitability for residence or business according to your purchasing goals.
• Obtain a copy of the title deed to verify the validity of the ownership transfer and ensure there are no outstanding rights owed by the seller.
• Ensure that the details in the title deed match the property’s specifications, area, and other relevant aspects.

In this article, we discussed apartments for sale in Taksim Square, Istanbul, highlighting the area's details, significance, and apartment prices. If you are interested in living in a bustling area, Taksim Square is the ideal choice. For more details, you can contact us at Skyline Real Estate.

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